ADB says developing Asian economies to grow 5.6 % in 2016

MANILA, Philippines (AP) — The Asian Development Bank has cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but says their solid performances will help offset softness from the U.S. economy and near-term market shocks from Britain's vote to exit from the European Union.